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424B3: Prospectus

SEC ·  Sep 5 17:33
Summary by Moomoo AI
SMX Public Limited Company has announced the issuance of up to 628,232 Ordinary Shares as detailed in a prospectus dated August 28, 2024. The shares may be sold by the Selling Stockholder at market prices or through negotiated transactions, with no proceeds going to the company from these sales. However, the company may receive approximately $1,299,104.50 from the cash exercise of warrants by the Selling Stockholder. SMX, classified as an 'emerging growth company' and a 'foreign private issuer,' is listed on The Nasdaq Capital Market with its Ordinary Shares and public warrants under the symbols 'SMX' and 'SMXWW,' respectively. As of August 27, 2024, the closing price of Ordinary Shares was $3.21. The prospectus also highlights investment risks, the company's history of losses and negative cash...Show More
SMX Public Limited Company has announced the issuance of up to 628,232 Ordinary Shares as detailed in a prospectus dated August 28, 2024. The shares may be sold by the Selling Stockholder at market prices or through negotiated transactions, with no proceeds going to the company from these sales. However, the company may receive approximately $1,299,104.50 from the cash exercise of warrants by the Selling Stockholder. SMX, classified as an 'emerging growth company' and a 'foreign private issuer,' is listed on The Nasdaq Capital Market with its Ordinary Shares and public warrants under the symbols 'SMX' and 'SMXWW,' respectively. As of August 27, 2024, the closing price of Ordinary Shares was $3.21. The prospectus also highlights investment risks, the company's history of losses and negative cash flows, and the need for potential future fundraising. For the year ended December 31, 2023, SMX reported an operating loss of $36,741 thousand and a net loss of $20,989 thousand, with cash and cash equivalents totaling $168 thousand. The company has various agreements in place, including with Data Vault Holdings, Inc., and obligations under the Isorad License Agreement. The financial statements reflect the fair values post a reverse acquisition transaction.

This announcement is a separate document:

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